A Revolution in Ecommerce

What is Omnitude
Omnitude is a recently established company whose goal is to revolutionize eCommerce and enterprises by integrating them with blockchain technology. Omnitude will help achieve the creation of a transparent and responsible supply and manufacturing chains which will in turn help minimize eCommerce fraud. Omnitude presents a solution to eCommerce and supply chains by allowing anyone to design and build Omnitude applications which enables implementation of blockchain technology into existing systems and in doing so improving their capabilities.

The Omnitude solution to eCommerce fraud

E-commerce has an unsettled environment that requires a sound, a proper and an effective solution. Omnitude provides a background to lay the platform through its single identity which will create the ideal environment to help suppliers minimize the most frequent form of eCommerce fraud commonly referred to as Identity Theft, which involves fraudulent transactions being commenced using a different identity, usually spending on somebody else's credit card or bank account.

Omnitude’s customers include Williams Martini Racing, the Maltese Government's Ministry of transport, infrastructure and major projects, Technology Companies and business enterprises.

The company (Omnitude) lays a platform to address all the main forms of fraud by utilizing blockchain technology. The platform provides users with a single identity on the blockchain, therefore, relieving suppliers and wholesalers from the need to store and guard local databases holding confidential personal data about their customers. Similar databases are not secure because of the risk that they are exposed to ‘hacking’.The menace caused by Chargeback Fraud is similarly reduced by eliminating the use of credit cards. The company will also minimize and completely remove Merchant Fraud which refers to the gathering of payment before delivering the product or service followed by failure to deliver. Omnitude’s platform will enable release of payments according to the stage of delivery.

How will Omnitude fund this project?

In order to implement their strategy, the company requires funding, therefore Omnitude rolled out an ECOM token sale. Omnitude launched the ECOM token on the omnilayer platform. The company sells their ECOM at $0.40 USD per ECOM in the presale token sale and at $0.46 per ECOM in their main token sale. Dealers, customers, and suppliers will require ECOM to conduct business in the Omnitude’s ecosystem. The ECOM token will serve the following functions:
• It will be a distinctive technique of exchange between parties to access resources under the ecosystem.
• It is an incentive for the participants in the ecosystem to work in a protected environment
• It will enable the Omnitude’s foundation to raise funds for its development.

Use of Token sale proceeds
The company intends to use all funds collected through the token sale to support the current developments of the Omnitude’s ecosystem. A bigger percentage of the funding will be used to pay for developer salaries.

The following is the proposed structure of how the company will spend its funding:
Area %
Omnitude research and development 5%
Omnitude’s platform 60%
Business Development 10%
Marketing 20%
Legal 5%

Omnitude’s Ground-breaking partnership with other companies

Recently, Williams Martini Racing (best known for its use in cryptocurrencies) enlisted Omnitude to aid it to bring Blockchain technology to formula one. Through Omnitudes platform, blockchain technologies will be integrated to Williams Martini Racing. Data security is a key issue for the F1 teams’ competitiveness and as a result, help them safeguard their trade secrets from rivals. The company is optimistic that this new partnership with Formula One is bound to bring more funding to Omnitude. The deal Omnitude made with formula one will enable Omnitude’s branding to appear in all of William’s Martini Racing property. Formula one teams handle huge volumes of data and information and in the past teams have been noted to try and get information on each other. Blockchain technology can store information more securely. Williams Martini’s deputy team principal welcomed the opportunity to partner with Omnitude and alluded that the new technologies have the capability to improve businesses around the world.

Omnitude's partnership with Maltese Government
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Omnitude has also signed up for a bigger task with the Maltese government to help improve their public transport system. The Maltese government’s officials believe in Omnitude’s blockchain technology and they see its potential in a variety of departments. Surely, Omnitude will improve the quality of lives of the Maltese citizens and enhance their access to information. Everyone is excited about the pioneering latent of this project to convey enormous real-world benefits through the implementation of blockchain technology.

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